As per the deal, MBRF will extend part of its land bank to newly launched developer Nshama to build an integrated community project at a central Dubai location.
Listed on the DFM in 2007, the Dubai-based company was formed in 1975 to support the city’s residential development.
Amanat will use the funds raised from the offering to establish companies in the healthcare and education sectors.
Up to 80 per cent of the UAE’s food sector is currently franchise-operated, according to Salem bin Dasmal, founder of Silver Spoon Investments.
Emirates Group’s east coast resort to unveil new rooms and improved connectivity
Shares in the Emaar Malls Group IPO were priced at Dhs2.90 per share, giving an overall sale value of Dhs5.8 billion.
The developer has awarded a contract for the project to Overseas AST Company.
The free zone said that its health insurance solution has been tailored to suit its members so that smaller firms can experience the benefits that are usually available to large corporates.
The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.
The rise in registrations on the UAE’s national domain also indicates an increase in the amount of Arabic content online, the telecoms regulator said.
Football fans set to flock to Sevens Stadium to see two giants compete in Dubai Football Challenge
The bank has set initial price thoughts for the $77.6 million issue of five years duration at 165 basis points over New Zealand midswaps, the document showed.
The company will operate the North El Salhiya onshore area on a 100 per cent basis, and will partner with British major BP to explore El Matariya on a 50:50 ownership basis.
The extremist organisation “can and will” be defeated militarily, the UAE Vice-President and Prime Minister wrote in a column.
The new innovation centre will help develop products that will cater to the tastes of the local market and boost regional sales, the company said.
The shareholders agreed to the issuance of a sharia-compliant instrument worth up to Dhs2.1 billion ($571.8 million) and convertible into company stock, the company said.
The price reduction, the fifth in the UAE since 2011, will be carried out in cooperation with international pharma firms, the official news agency said.
Abu Dhabi Judiciary and Al Ain Zoo are among the institutions granted licenses to generate electricity through solar power.
The Abu Dhabi carrier’s first Boeing 787-9 Dreamliner will be delivered in December this year, the company said.
The Defense Security Cooperation Agency agency said the deal would help UAE protect its troops, better provide humanitarian assistance, and protect vital commercial trade routes.
Exclusive: Anan Fakhreddin reveals how the company is rebuilding itself after hitting rock bottom in one of Dubai’s largest business scandals.
New-look UAE National Airline unveils the first of 10 A380s which aims to fly from December
A new affordable option, uberX and a corporate account service, Uber for Business, will now be available in Dubai.
The company is casting its eye over potential arrangers of the bond, though no banks have been mandated yet for the trade, sources say.
Public sector workers will be off from Oct 3-6, while private sector employees will receive holidays from Oct 3-5.
MAF-Fashion will begin the roll out of the AllSaints stores across the GCC in 2015, a statement said.
The bank said 2,900 applications for shares in the Emaar Malls IPO came via its ATM and newly launched eIPO platform.
Dubai’s public transport agency will work on projects such as extension of the Dubai Metro’s red line, a major upgrade of roads leading to the expo site and a wider bus network.
The move was part of the Swiss bank’s plan to “optimise its local operations” in the UAE, it said.
The firm raised $75 million, 55 per cent of its capital, in April via an offer that was 36 times subscribed.